Video of the Day: F*ck the Fed

On this day, when the banker-cartel commonly known as the Federal Reserve is set to announce its latest decision in central planning, I thought it would be wise to revisit an old, yet classic video which calls out this neo-feudal institution for the state-sanctioned criminal enterprise it is.

Neal Fox summarizes my sentiments exactly with three simple words that say it all: F*ck the Fed.

Enjoy.

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Video of the Day: F*ck the Fed originally appeared on A Lightning War for Liberty on January 29, 2014.

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Winter driving tips from PTC police

#1 on the list: Don’t!

Peachtree City Police would like to offer some winter survival and driving tips.
First of all, don’t get stranded in the first place. If you don’t have an important reason for driving in the snow and ice, stay home and wait for the roads to be cleared. Avoid traveling for anything but medical emergencies, or you run the risk of getting stranded. Be prepared.

Ensure that your vehicle is readily equipped with the following essentials before heading out when snow and ice is in the forecast:
* Blankets
* Pillow

read more

via The Citizen http://ift.tt/1mY5Uu2

Treasury Sells First Floating Rate Notes In Heavily Subscribed Auction

Moments ago, the US Treasury sold its first $15 billion in 2 Year Floating Rate Notes, providing investors with yet another product that “protects” against inflation, following the 1997 introduction of TIPS, which courtesy of their linkage to the official BLS hedonically and seasonally-adjusted definition of “inflation” have mostly protected investors from any real gains. Here are the results.

  • High Discount Margin: 0.045%, compares to a yield of 0.38% on yesterday’s 2 Year Fixed Rate Auction.
  • Bid To Cover: 5.67x, and while apples and oranges, this is notably higher than yesterday’s Fixed 2 Year which priced at a 3.297 BTC.
  • Indirects took down 37.8%, compared to 28.5% for Fixed
  • Directs took down 8.9%, compared to 22.4% for Fixed
  • Dealers left with 53.2%, compared to 49.2% for Fixed.

And so the new product is off.


    



via Zero Hedge http://ift.tt/1cuYbm1 Tyler Durden

This Is Your Congress – NY Rep. Apologizes After Threat To Throw Journalist Off Balcony & "Break Him In Half"

Grimm's statement last night…

I was extremely annoyed because I was doing NY1 a favor by rushing to do their interview first in lieu of several other requests. The reporter knew that I was in a hurry and was only there to comment on the State of the Union, but insisted on taking a disrespectful and cheap shot at the end of the interview, because I did not have time to speak off-topic. I verbally took the reporter to task and told him off, because I expect a certain level of professionalism and respect, especially when I go out of my way to do that reporter a favor. I doubt that I am the first Member of Congress to tell off a reporter, and I am sure I won’t be the last.

and his hurried apology this morning (via @sahilkapur )

 

The ubiquitous apology that solves all problems…

And the initial outburst…

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

My home state of New York sure knows how to pick its Congressional Representatives. From Peter King, who for all intents and purposes thinks he is living the life of a capo in a real life Goodfellas movie, to Michael Grimm, another Republican Congressman, these people are literally thugs. As I have said before, I have a lot more respect for the mafia than I do for politicians and bankers, at least the mob faces jail time.

So here’s what happened. From Real Clear Politics:

After being asked by NY1 reporter Michael Scotto about the investigation, Grimm replied, “That’s off-topic. This is only about president’s speech,” and walked off camera.

 

Scotto briefly concluded his report, and Grimm — assuming the broadcast was over — returned to admonish the reporter. The camera remained on, however. “Let me be clear to you: You ever do that to me again, I’ll throw you off this f##king balcony,” Grimm threatened.

 

After a brief back-and-forth about the validity of the question, Grimm concluded, “No, no, you’re not man enough, you’re not man enough. I’ll break you in half. Like a boy.”

Never forget that these are the people voting on everything from your civil liberties to going to war. Frightening.

Check out a video of the incident:


    



via Zero Hedge http://ift.tt/1cuYb5H Tyler Durden

This Is Your Congress – NY Rep. Apologizes After Threat To Throw Journalist Off Balcony & “Break Him In Half”

Grimm's statement last night…

I was extremely annoyed because I was doing NY1 a favor by rushing to do their interview first in lieu of several other requests. The reporter knew that I was in a hurry and was only there to comment on the State of the Union, but insisted on taking a disrespectful and cheap shot at the end of the interview, because I did not have time to speak off-topic. I verbally took the reporter to task and told him off, because I expect a certain level of professionalism and respect, especially when I go out of my way to do that reporter a favor. I doubt that I am the first Member of Congress to tell off a reporter, and I am sure I won’t be the last.

and his hurried apology this morning (via @sahilkapur )

 

The ubiquitous apology that solves all problems…

And the initial outburst…

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

My home state of New York sure knows how to pick its Congressional Representatives. From Peter King, who for all intents and purposes thinks he is living the life of a capo in a real life Goodfellas movie, to Michael Grimm, another Republican Congressman, these people are literally thugs. As I have said before, I have a lot more respect for the mafia than I do for politicians and bankers, at least the mob faces jail time.

So here’s what happened. From Real Clear Politics:

After being asked by NY1 reporter Michael Scotto about the investigation, Grimm replied, “That’s off-topic. This is only about president’s speech,” and walked off camera.

 

Scotto briefly concluded his report, and Grimm — assuming the broadcast was over — returned to admonish the reporter. The camera remained on, however. “Let me be clear to you: You ever do that to me again, I’ll throw you off this f##king balcony,” Grimm threatened.

 

After a brief back-and-forth about the validity of the question, Grimm concluded, “No, no, you’re not man enough, you’re not man enough. I’ll break you in half. Like a boy.”

Never forget that these are the people voting on everything from your civil liberties to going to war. Frightening.

Check out a video of the incident:


    



via Zero Hedge http://ift.tt/1cuYb5H Tyler Durden

Peyton Manning Could Pay New Jersey More in Taxes for the Super Bowl Than He Earns For Playing It

tax man's worse than a hanger onThis year’s Super Bowl,
scheduled to be played this Sunday, will be held in New Jersey,
even though a lot of news outlets covering the sporting event, and
even the NFL, may prefer to call what’s officially a “NY/NJ” Super
Bowl a New York affair. The football teams that play at the East
Rutherford, New Jersey stadium, the Giants and the Jets, are after
all New York (or NY/NJ) teams. Sunday’s televised coverage is sure
to include plenty of bump shots of New York City locations and few
actually from the area where the stadium is located, which is
basically a swamp. Even the NYPD has gotten in on the “let’s
pretend this thing is happening in New York” action; promising

unprecedented
security at the event and
deploying
 200 “temporary” security cameras in midtown New
York.

But one way to ascertain that, yes, in fact the Super Bowl is
being held in New Jersey, is to look at whose taxman the Colorado
and Washington players competing in the Super Bowl will pay. That
would be dirty Jersey, and according to K. Sean Packard, a CPA
writing at Forbes.com, Jersey will indeed treat the players dirty

when it comes to taxes
:

If Manning is able to play next season, his New Jersey
income tax would be $46,989 on $92,000 for winning the Super Bowl,
or 51.08%. If they lose and he is able to play in 2014, he will pay
New Jersey $46,844 on his $46,000, which amounts to a 101.83% tax
on his actual Super Bowl earnings in the state—and this does not
even consider federal taxes!

Manning’s tax liability would be less, Packard explained, if the
38-year-old Denver Broncos quarterback were to retire after the
Super Bowl, because New Jersey looks at the total income, even when
not playing in the state, and because the Broncos play the Jets
next season, so New Jersey’s state government gets a take of that
too. The taxes paid by Manning and the other Broncos and Seahwawks
players for merely competing in New Jersey in a league event, will
also fall quite short of how much tax money New Jersey has
wasted
holding the Super Bowl.

Bilking athletes, though, is nothing new. Jamaican track star
Usain Bolt, for example, is
boycotting
sporting events in the United Kingdom until their
tax laws are loosened, while golf star Phil Mickelson was bullied
by wealth redistribution  advocates for complaining about his
onerous tax rate, eventually
apologizing
for quite rightly pointing out that onerous federal
and state (for Mickelson, California) tax laws would cause him to
consider drastic changes in his life. Mickelson pays
61 percent of his winnings in taxes
, and uncomfortable fact tax
boosters tried to deny.

from Hit & Run
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Egypt Was Not Mentioned Once in Last Night's State of the Union

Yesterday,
I mentioned
the number of times that Obama referred to Egypt in
his 2012 and 2013 State of the Union addresses, noting that since
the 2013 speech there has been a coup in Egypt, a crackdown on the
Muslim Brotherhood, and a referendum on a draft constitution, which
the Muslim Brotherhood called for its members to boycott.

I was expecting that given the current situation in Egypt (the
most populous Arab country and home of the Suez Canal) and
America’s history of aid to the Egyptian military that it might
warrant at least a brief mention.

However, Egypt was not specifically mentioned once in
last night’s speech
, although Obama did say, “From Tunisia to
Burma, we’re supporting those who are willing to do the hard work
of building democracy.”

Obama might not want to have mentioned Egypt because his
administration’s policy towards Egypt has been far from ideal.

In the wake of the military overthrowing Egypt’s first
democratically-elected president the Obama administration did not
withdraw foreign aid as it is supposed to in response to a
coup.

U.S. military aid to Egypt was also not suspended after security
forces carried out a
brutal crackdown
on supporters of ousted President Morsi.

It was months after the the overthrow of Morsi and the bloody
crackdown on Morsi’s supporters that some aid
was suspended.

Obama spoke out in support of “those who are willing to do the
hard work of building democracy” last night, but failed to mention
that Egypt’s draft constitution was passed by just over 98
percent
of those who voted in a referendum which the Muslim
Brotherhood urged its members to boycott. Since the referendum on
the new constitution, which bans political parties like the Muslim
Brotherhood, the Egyptian military has backed Gen. Abdul Fattah
al-Sisi to run for president. Gen. al-Sisi was the head of the
Egyptian military at the time of Morsi’s overthrow last July.

from Hit & Run
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Egypt Was Not Mentioned Once in Last Night’s State of the Union

Yesterday,
I mentioned
the number of times that Obama referred to Egypt in
his 2012 and 2013 State of the Union addresses, noting that since
the 2013 speech there has been a coup in Egypt, a crackdown on the
Muslim Brotherhood, and a referendum on a draft constitution, which
the Muslim Brotherhood called for its members to boycott.

I was expecting that given the current situation in Egypt (the
most populous Arab country and home of the Suez Canal) and
America’s history of aid to the Egyptian military that it might
warrant at least a brief mention.

However, Egypt was not specifically mentioned once in
last night’s speech
, although Obama did say, “From Tunisia to
Burma, we’re supporting those who are willing to do the hard work
of building democracy.”

Obama might not want to have mentioned Egypt because his
administration’s policy towards Egypt has been far from ideal.

In the wake of the military overthrowing Egypt’s first
democratically-elected president the Obama administration did not
withdraw foreign aid as it is supposed to in response to a
coup.

U.S. military aid to Egypt was also not suspended after security
forces carried out a
brutal crackdown
on supporters of ousted President Morsi.

It was months after the the overthrow of Morsi and the bloody
crackdown on Morsi’s supporters that some aid
was suspended.

Obama spoke out in support of “those who are willing to do the
hard work of building democracy” last night, but failed to mention
that Egypt’s draft constitution was passed by just over 98
percent
of those who voted in a referendum which the Muslim
Brotherhood urged its members to boycott. Since the referendum on
the new constitution, which bans political parties like the Muslim
Brotherhood, the Egyptian military has backed Gen. Abdul Fattah
al-Sisi to run for president. Gen. al-Sisi was the head of the
Egyptian military at the time of Morsi’s overthrow last July.

from Hit & Run
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